It's official...

The national debt has topped $23 trillion for the first time in U.S. history. 

The news comes just nine months after the debt topped $22 trillion, meaning the feds added a whopping $111.1 billion per month since February. 

“Reaching $23 trillion in debt on Halloween is a scary milestone for our economy and the next generation, but Washington shows no fear," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, told The Hill.

The scariest part? Congress doesn't seem worried. They seem preoccupied with other things.

But as The Hill points out, this could have dire consequences:

High levels of debt can push up borrowing costs and interest rates, "crowd out" private borrowing, and weigh down budgets. In the 2019 fiscal year, for example, the government had to devote $376 billion just to pay the interest on the debt, equivalent to nearly half the defense budget... 

Congress will never vote to place real limits on spending, or cap taxation. That's why we need to call the first-ever Article V Convention of States.

A Convention of States can propose constitutional amendments that force Congress to be fiscally responsible. These amendments can include a balanced budget amendment, but we could also cap taxation and force Congress to make the tough spending cuts for the good of the country.

Fifteen states and over four million Americans have signed on to support the Convention of States movement.

Ready to learn more about this constitutional solution and the Convention of States movement?